Can Bytecoin (BCN) Survive the Binance Delisting Case?

At the beginning of the second week of October, Binance delisted Bytecoin (BCN), which was followed with another delisting from OKEx exchange only a couple of days later. Since then, Bytecoin has seen a massive decline going down by -22%. Can Bytecoin (BCN) survive the Binance delisting or is it dying out?

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Some cryptocurrency news portals have already marked Bytecoin as “dead,” especially since the major decline and some analysts are even warning the investor to sell their BCN units.

However, BCN still has over 245 million dollars in market cap, ranked as the 36th largest currency in accordance with Coin Market Cap.

Bytecoin (BCN) is Bouncing Back Up But the Warnings Pertain

Although Bytecoin is seen bouncing back up with the latest series of positive market trends, going up by over 3% against the fiat during the course of a single day, the warnings pertain.

From stating that Bytecoin is dead to alleging that all holders should sell their BCN units, the news seems to be mainly revolving around the inadequacy of Bytecoin.

It is said that the main reason for delisting from Binance, one of the most popular exchanges in the market, has everything to do with transaction and withdrawal issues through BCN wallets, which poses a major issue to the functionality of BCN in oppose to exchanges where this currency is traded on.

While Binance solved this issue by delisting BCN, Bytecoin team announced on October 8th that the team has released a Desktop version 3.3.1 that fixes a rare transaction issue.

However, this fix couldn’t bring them back to the exchange, so the BCN team announced an official statement where they announced negotiations with Binance representatives.

The only thing they encountered were passive aggressive redditors replying to their official statement on Reddit.

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